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S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
3 Stocks Set to Lead the Nasdaq Bull Market
Myanmar executions revive pressure for more sanctions
Stocks higher on Wall Street; economic worries hit oil price
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
3 Stocks Set to Lead the Nasdaq Bull Market
Myanmar executions revive pressure for more sanctions
Stocks higher on Wall Street; economic worries hit oil price
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
3 Stocks Set to Lead the Nasdaq Bull Market
Myanmar executions revive pressure for more sanctions
Stocks higher on Wall Street; economic worries hit oil price
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
NYSE:GVA

Granite Construction - GVA Stock Forecast, Price & News

$31.54
-0.01 (-0.03%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$31.25
$31.90
50-Day Range
$28.17
$32.62
52-Week Range
$27.84
$43.98
Volume
448,600 shs
Average Volume
391,799 shs
Market Capitalization
$1.39 billion
P/E Ratio
57.35
Dividend Yield
1.65%
Price Target
$50.00

Granite Construction MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
58.5% Upside
$50.00 Price Target
Short Interest
Bearish
10.78% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
65.56%
From $1.80 to $2.98 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.22 out of 5 stars

Construction Sector

49th out of 106 stocks

Heavy Construction, Except Building Construction - Contractors Industry

4th out of 8 stocks

GVA stock logo

About Granite Construction (NYSE:GVA) Stock

Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. It operates through two segments, Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public. It also focuses on water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies. The company also constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar, and power projects. The Materials segment is involved in the production of aggregates and asphalt for internal use, as well as for sale to third parties. In addition, it offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services. The company serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. Granite Construction Incorporated was founded in 1922 and is headquartered in Watsonville, California.

Granite Construction Stock Performance

Shares of Granite Construction stock traded up $0.16 during trading hours on Monday, reaching $31.71. The company had a trading volume of 16,085 shares, compared to its average volume of 391,430. Granite Construction has a one year low of $27.84 and a one year high of $43.98. The business has a fifty day simple moving average of $29.78 and a 200 day simple moving average of $31.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.60 and a quick ratio of 1.52. The firm has a market cap of $1.40 billion, a PE ratio of 57.36 and a beta of 1.34.

Granite Construction Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were issued a dividend of $0.13 per share. The ex-dividend date was Wednesday, June 29th. This represents a $0.52 dividend on an annualized basis and a yield of 1.64%. Granite Construction's dividend payout ratio is presently 94.55%.

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GVA Stock News Headlines

Granite Construction (NYSE: GVA)
Granite Reports Second Quarter 2022 Results
Granite Wins Recognition for Early Talent Engagement
Granite to Restore Calabazas Creek Near Cupertino
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GVA Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Today
8/16/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Heavy construction, except building construction - contractors
Sub-Industry
Construction & Engineering
CUSIP
38732810
Employees
3,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$50.00
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+58.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$10.10 million
Pretax Margin
0.63%

Debt

Sales & Book Value

Annual Sales
$3.01 billion
Cash Flow
$4.40 per share
Book Value
$21.73 per share

Miscellaneous

Free Float
43,887,000
Market Cap
$1.39 billion
Optionable
Optionable
Beta
1.34

Key Executives

  • Mr. Kyle T. Larkin (Age 50)
    Pres, CEO & Director
    Comp: $923.59k
  • Ms. Elizabeth Lisa Curtis (Age 55)
    Exec. VP & CFO
    Comp: $516.07k
  • Mr. James A. Radich (Age 63)
    Exec. VP & COO
    Comp: $545.36k
  • Mr. Brian A. Dowd (Age 58)
    Sr. VP & California Group Mang.
    Comp: $587.66k
  • Mr. Michael G. Tatusko (Age 57)
    Sr. VP & Mountain Group Mang.
    Comp: $828.71k
  • Ms. Staci M. Woolsey (Age 45)
    Chief Accounting Officer
  • Mr. M. Craig Hall
    Sr. VP, Gen. Counsel, Corp. Compliance Officer & Sec.
  • Ms. Erin Kuhlman
    Sr. VP and Chief Marketing & Communications Officer
  • Mr. Tim Gruber
    Sr. VP of HR
  • Mr. James Hildebrand Roberts (Age 65)
    Chief Exec. Officer Emeritus













GVA Stock - Frequently Asked Questions

Should I buy or sell Granite Construction stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" GVA shares.
View GVA analyst ratings
or view top-rated stocks.

What is Granite Construction's stock price forecast for 2022?

1 brokers have issued 12-month price objectives for Granite Construction's shares. Their GVA share price forecasts range from $50.00 to $50.00. On average, they expect the company's stock price to reach $50.00 in the next twelve months. This suggests a possible upside of 58.5% from the stock's current price.
View analysts price targets for GVA
or view top-rated stocks among Wall Street analysts.

How have GVA shares performed in 2022?

Granite Construction's stock was trading at $38.70 at the beginning of the year. Since then, GVA stock has decreased by 18.5% and is now trading at $31.54.
View the best growth stocks for 2022 here
.

When is Granite Construction's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our GVA earnings forecast
.

How were Granite Construction's earnings last quarter?

Granite Construction Incorporated (NYSE:GVA) announced its earnings results on Thursday, October, 28th. The construction company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.82 by $0.09. The construction company had revenue of $1.06 billion for the quarter. Granite Construction had a net margin of 0.85% and a trailing twelve-month return on equity of 5.06%. During the same period last year, the firm earned $0.90 earnings per share.

How often does Granite Construction pay dividends? What is the dividend yield for Granite Construction?

Granite Construction declared a quarterly dividend on Thursday, June 9th. Investors of record on Thursday, June 30th will be paid a dividend of $0.13 per share on Friday, July 15th. This represents a $0.52 annualized dividend and a yield of 1.65%. The ex-dividend date is Wednesday, June 29th.
Read our dividend analysis for GVA
.

Is Granite Construction a good dividend stock?

Granite Construction (NYSE:GVA) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.65%. The dividend payout ratio is 94.55%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GVA will have a dividend payout ratio of 17.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GVA.

What is Kyle T. Larkin's approval rating as Granite Construction's CEO?

4 employees have rated Granite Construction Chief Executive Officer Kyle T. Larkin on Glassdoor.com. Kyle T. Larkin has an approval rating of 100% among the company's employees. This puts Kyle T. Larkin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Granite Construction own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Construction investors own include U.S. Silica (SLCA), Alibaba Group (BABA), Enterprise Products Partners (EPD), AT&T (T), Applied Materials (AMAT), JD.com (JD), NVIDIA (NVDA), Ford Motor (F), The Hain Celestial Group (HAIN) and Carnival Co. & (CCL).

What is Granite Construction's stock symbol?

Granite Construction trades on the New York Stock Exchange (NYSE) under the ticker symbol "GVA."

Who are Granite Construction's major shareholders?

Granite Construction's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (4.95%), William Blair Investment Management LLC (2.31%), Franklin Resources Inc. (2.02%), Bernzott Capital Advisors (1.74%), Northern Trust Corp (1.17%) and Personal Capital Advisors Corp (0.93%). Insiders that own company stock include Claes Bjork, Desai Jigisha, James Hildebrand Roberts, Kyle T Larkin and Patricia D Galloway.
View institutional ownership trends
.

How do I buy shares of Granite Construction?

Shares of GVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Granite Construction's stock price today?

One share of GVA stock can currently be purchased for approximately $31.54.

How much money does Granite Construction make?

Granite Construction (NYSE:GVA) has a market capitalization of $1.39 billion and generates $3.01 billion in revenue each year. The construction company earns $10.10 million in net income (profit) each year or $0.55 on an earnings per share basis.

How many employees does Granite Construction have?

The company employs 3,300 workers across the globe.

How can I contact Granite Construction?

Granite Construction's mailing address is 585 WEST BEACH ST, WATSONVILLE CA, 95076. The official website for the company is www.graniteconstruction.com. The construction company can be reached via phone at (831) 724-1011, via email at ronald.botoff@gcinc.com, or via fax at 831-761-7871.

This page (NYSE:GVA) was last updated on 8/16/2022 by MarketBeat.com Staff

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